Shared Ownership

With FIRST STEPS Shared Ownership, you buy a maximum share that you can afford in a new or existing shared ownership home. Shares start at 25%, and go up to a maximum of 75%, of the full market value of the home.

On the share of the home you don't own, you pay rent, initially capped at a maximum of 3% on the part owned by the housing provider.

If you buy a flat or a house on an estate with shared areas, you will also pay a service charge for maintenance and upkeep of communal areas and the grounds of your building.

You could buy a home through Help to Buy: Shared Ownership in England if...

your household earns £80,000 a year or less outside London, or your household earns £90,000 a year or less in London

you are a first-time buyer, you used to own a home but can’t afford to buy one now or are an existing shared owner looking to move.